If you are considering investing in bitcoin or another cryptocurrency, make sure you know the answers to these three basic questions.

1. What happens if you copy your bitcoin wallet onto a second computer, and then spend the copy? Why doesn’t that double your money?

2. Why are bitcoins worth anything at all? What is it that determines their price?

3. Why can’t miners just make as many bitcoins as they want? What exactly makes it hard to produce a bitcoin, and what keeps the supply limited?

“An investment in knowledge pays the best interest.” -Benjamin Franklin

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